Investors are digesting the earnings release from Microsoft, with tech giants Apple and Facebook reporting today. The US Fed ends its meeting today with markets anticipating its rate decision and comments from Chairman Jerome Powell.
On Tuesday, the IMF raised its forecast for global economic growth and now expects an expansion of 5.5% this year. The outlook for growth in Europe was lowered. Gita Gopinath, the IMF’s Chief Economist, posted that “there remains tremendous uncertainty and prospects vary greatly across countries”, and “much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens”.
Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’